TAMPA - Steve Yzerman will devote his full attention to the Tampa Bay Lightning for the foreseeable future.

After guiding Canada to a second consecutive Olympic gold medal, Yzerman announced shortly after Canada's 3-0 victory against Sweden that he is stepping down from his role as executive director. The 48-year-old Lightning general manager also led Canada to a gold medal on home soil at the 2010 Olympics in Vancouver.

"It's time to let someone else have a shot at it,'' Yzerman told the media in Sochi, Russia.

In his career, Yzerman has won four Stanley Cups (three as a player) with the Detroit Red Wings and three Olympic gold medals with Canada, including in 2002 as a player in Salt Lake City.

The NHL has yet to commit to participating in the 2018 Winter Olympics that will be held in South Korea.

Yzerman was named Lightning general manager following the 2009-10 season after serving under Detroit general manager Ken Holland. This year marked the first time Yzerman juggled his duties as an NHL general manager as well as executive director of Team Canada.